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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Surprise: Ron Faris to Retire from Ocwen; Former PHH CEO Messina Named His Successor

April 19, 2018
Paul Muolo
Faris is a 27-year veteran of Ocwen, a publicly traded nonbank launched several decades ago by former GE Capital executive Bill Erbey.
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Ditech Taps Bear Stearns/GMAC Veteran Thomas Marano as New CEO

April 19, 2018
Paul Muolo
Marano is no stranger to troubled financial service companies. Until 2008, he was a top executive at Bear Stearns...
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Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

April 19, 2018
Paul Muolo and George Brooks
There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.
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Verus Increases Mortgage Volume by Focusing on Non-Agency Loans that Many Other Lenders Avoid

April 19, 2018
Verus Mortgage Capital is boosting its correspondent acquisition volume by focusing on non-agency mortgages, including non-qualified mortgages. The aggregator was founded in 2015 by Invictus Capital Partners, an investment firm based in Washington, DC.
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Strong 1Q Earnings for MGIC, but NIW Declines; Freddie’s IMAGIN Pilot Gets a Mention…

April 18, 2018
Paul Muolo
In 1Q18, MGIC wrote $10.6 billion of new MI policies compared to $12.8 billion in 4Q17 and $9.3 billion in the first quarter of last year.
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Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space…

April 18, 2018
Brandon Ivey
MISMO noted that blockchain is based on digitized, distributed ledgers…
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MBA Casts the Net Far and Wide for New Chief. Jeb Hensarling?

April 18, 2018
Paul Muolo
The way things stand today, those finalists include at least two industry veterans…
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Short Takes: FHFA IG Issues Heavily Redacted Report on GSE Cybersecurity / Ditech Worries about Cybersecurity / IBM Says Nothing About Seterus (Again) / What’s in a Title? Off with Their Heads!

April 18, 2018
Paul Muolo and Carisa Chappell
As a practice, IBM rarely says a word about Seterus...
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MBA: Lower Lending Profits, and Fewer Firms Making Money

April 18, 2018
Paul Muolo
An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.
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Ditech Finally Releases 4Q17 Results – A Loss and a Warning About 2018

April 17, 2018
Paul Muolo
Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.
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